An aerial image shows a red roofed house that survived the fires surrounded by destroyed homes and buildings burned to the ground in the historic Lahaina in the aftermath of wildfires in western Maui in Lahaina, Hawaii on August 10, 2023. Patrick T. Fallon | AFP | Getty Images Along East Boston’s waterfront sits The
Month: October 2023
Russian-born All-Star hockey player Ilya Kovalchuk and his wife, Russian singer Nicole Andrazajtis Kovalchuk, have found a buyer for their New Jersey mansion, located in affluent Alpine. The sale price, we hear, is close to the last asking price of $10.9 million — a major hit from the property’s initial $17.99 million ask in 2019. But the
Cushman & Wakefield snared one of the year’s biggest plum office-agency assignments — for Terminal Warehouse, where 1.1 million square feet of offices and 93,000 square feet of retail space are officially on the market after $1 billion in investment and three years of construction. Terminal Warehouse, formerly known as Terminal Stores and once home
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters The initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the
There are some one-of-a-kind homes in America that stick out from the millions of properties that still stand today. Here are 11 unusual homes in the United States and beyond. These include the “Flintstone House” in California and a jail cell-equipped house in Ohio. Recently, a school in Iowa that was turned into a massive mansion had
A humble mound of a house just commanded quite the sales price. Set in a Southern California forest, this looker of a geodesic home has freshly sold for $615,000, The Post has learned. The idyllic little spherical structure, constructed in 1986, hit the market last month and went off it this week. The property is
Chris Wattie | Reuters The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting next week, even though the central bank’s preferred inflation indicator remains well above the 2% target rate. Late last month, Fed Chair Jerome Powell said ”inflation is still too high,” raising expectations that another rate hike may
This turn-of-the-century, and tricked-out, Upper East Side townhouse asking $15.99 million has found a buyer. The seller is Ronald Dickerman, founder of real estate private equity firm Madison International Realty. Dickerman bought the home 10 years ago for $15.5 million, via a shell company, according to property records. The 21-foot-wide residence, at 159 E. 61st
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Jeenah Moon | Reuters Former President Donald Trump on Thursday railed against the judge who will deliver verdicts in his $250 million New York fraud
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation
A slice of comedic history is now up for grabs, as the late, great Robin Williams’ former San Francisco abode — adorned with secret rooms and hidden passageways designed for his children — is set to make waves in the real estate world with a jaw-dropping price tag of $25 million. The captivating tale of
A townhouse for sale in the Upper East Side neighborhood of New York City. Adam Jeffery | CNBC Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped 1% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Thomas Barwick / Getty As home prices and interest rates rise, would-be home buyers need a salary of $114,627 to afford a median-priced house in the U.S., according to a recent report by real estate site Redfin. If you want to buy in one of the most
Nurphoto | Nurphoto | Getty Images As mortgage rates reached a 23-year high last week, the cry went off across markets and social media: Is housing affordability dead? Has a version of the American dream — home ownership, kids, backyard barbecues — died with it? The question is sharp because housing affordability has dropped by
Sales of new US single-family homes surged in September, boosted by a chronic shortage of previously owned houses — despite mortgage rates approaching 8%. New home sales rebounded 12.3% to a seasonally adjusted annual rate of 759,000 units last month, the Commerce Department said Wednesday. It was the highest level since February 2022. August’s sales pace was revised up to 676,000 units from the previously reported 675,000 units. Economists
A clerk of ICBC bank counts Chinese 100 yuan at its branch in Beijing. Kim Kyung-Hoon | Reuters BEIJING — Chinese authorities late Tuesday announced one of the biggest changes to the national budget in years, along with the issuance of 1 trillion yuan in ($137 billion) in government bonds. But state media made it
Former President Donald Trump’s former lawyer Michael Cohen arrives for former attorney Michael Avenatti’s criminal trial at the United States Courthouse in the Manhattan borough of New York City, Jan. 24, 2022. Jeenah Moon | Reuters Michael Cohen, the former personal lawyer and fixer for Donald Trump, is set to begin testifying Tuesday in the
And just like that, all 10,800 Airbnb listings were no more in New York City (legally speaking, of course). City officials have begun enforcing a host of short-rental rules that act as a de facto ban for companies like Airbnb, Vrbo and Booking.com. That leaves residential buildings that also possess a hotel license — which
Shapecharge | E+ | Getty Images The federal estate-tax exemption helps wealthy families avoid or reduce inheritance tax, but the clock is ticking on the size of this advantage. In 26 months, some families that pay no inheritance tax today face the potential for sizeable federal taxes unless benefactors act. Though few families have enough
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury topped 5% again Monday, a key level that could impact mortgage rates, student debt, auto loans and more. Last week, the 10-year yield crossed the 5% threshold for the first time in 16 years after Federal Reserve Chair Jerome
In a city of skyscrapers, anyone with enough cash can own a newly minted penthouse. But it takes a collector’s eye to nab the right townhouse. There are just 258 townhouses on the market in Manhattan, and nearly double that many penthouse listings, according to StreetEasy. Far fewer still have pedigree: lauded architects, famed Gilded
When it comes to house hunting, real estate professionals often stumble upon peculiar features that leave potential buyers and online audiences buzzing with mixed opinions. Haley E. Patterson, a real estate agent in the Tampa Bay area, recently uncovered one such unconventional bathroom discovery in a Florida home, sparking a spirited debate among viewers. In
Standret | Istock | Getty Images Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock prices and government stimulus measures, the Federal Reserve reported Wednesday in its triennial Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities.
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% compared with September 2022. This is the slowest
Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it’s scaring off buyers and sellers alike. Prices were already high, driven by supercharged demand during the height of the Covid-19 pandemic. Now the popular 30-year fixed mortgage rate is at 8%, the
Is this a repeat of the 2008 housing bust? The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to a recent report from real estate data firm ATTOM. They were up 28% from the previous quarter. Across the country,
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, causing a ripple effect that could raise rates on mortgages, student debt, auto loans and more. After Federal Reserve Chair Jerome Powell said ”inflation is still too high,” expectations that the U.S.
Lifestylevisuals | E+ | Getty Images The average 30-year fixed mortgage rate just hit 8% for the first time since 2000, putting housing financing costs at historically high levels. Given high prices and high interest rates, homebuyers must earn $114,627 to afford a median-priced house in the U.S., according to a recent report by Redfin,
Former U.S. President Donald Trump attends a Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. Doug Mills | Reuters A judge laced into Donald Trump on Friday, floating the possibility of heavy sanctions or even jail time against the former president, over a “blatant violation” of a partial